Browsing Tag

Excess Crude Account

Insecurity: Give account of $1bn from ECA, Timi Frank tells Buhari

Taiwo Amodu - Abuja Apr 7, 2019

Amidst the growing security challenge facing the country, erstwhile deputy national publicity secretary of the All Progressives Congress (APC), Comrade Timi Frank has asked the present administration of President Muhammadu Buhari to give…

PDP accuses Buhari, APC of fraud in Excess Crude Account depletion

Leon Usigbe - Abuja Dec 20, 2018

The Peoples Democratic Party (PDP) on Thursday observed that “the revelation of furtive depletion and syphoning of $1.68 billion” from the Excess Crude Account (ECA), further shows that President Muhammadu Buhari presides over a corrupt…

Governors approve $1bn from Excess Crude Account to fight Boko Haram

Leon Usigbe - Abuja Dec 14, 2017

Governors of the 36 states of the federation have agreed to concede $1 billion from the Excess Crude Account (ECA) to the Federal Government to enable it to prosecute the ongoing war against insurgency in the North-East.The ECA is a…

Senate stops spending of Excess Crude Account, passes MTEF, pegs exchange rate at N305

Taiwo Adisa, Jacob Segun Olatunji and Kolawole Daniel Dec 5, 2017

THE Senate, on Tuesday, passed the 2018 budget estimates through the second reading after an exhaustive debate on the general principles of the budget estimates.The lawmakers, who did most of the debate up to Thursday last…